Israel, the tiny nation that defied history in coming back to life after 2,000 years of exile, is among the top 10 most powerful nations in the world according to a recent research study. From innovation to the banking sector, investment policy, tourism, immigration and employment, read this profile of Israel's economy. The magazine expects India to rise to fifth place in 2019 from seventh, and France to remain at sixth. World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2019, building on the lifetimes work of Angus Maddison. Israel's income inequality and poverty rates are among the highest of OECD countries, and there is a broad perception among the public that a small number of "tycoons" have a cartel-like grip over the major parts of the economy. Israel GDP (Gross Domestic Product) was INT$286.81billion for 2019 in PPP terms. The availability of public transport is being increased to tackle the problem. Among top 50 economies having highest gdp per capita, only economies will experience a positive growth rate in 2020. The Israeli econom… Find Out. The Jewish state was ranked lower in the rest of the categories: 25th in entrepreneurship, 28th in heritage, 39th in citizenship, 41st in quality of life, 42nd in cultural influence, 70th in openness for business and 75th in adventure. Who didn’t? However, it is not considered a desirable place if you want a comfortable retirement, where it scored a measly 60th place. Israel has a technologically advanced free market economy. The Climate Change Knowledge Portal is a hub of information, data and reports about climate change around the world. The latest projected “GDP rankings of the world’s largest economies” is based on the size of national economies in US dollar terms. The magazine expects India to rise to fifth place in 2019 from seventh, and France to remain at sixth. Saudi Arabia and South Korea were ranked 9th and 10th,Â while the United Arab Emirates was 11th. Israel is ranked 2nd among 14 countries in the Middle East and North Africa region, and its overall score is well above the regional and world averages. Bangladesh is the fastest growing economy with 3.80%, followed by Egypt, China, Vietnam, and Taiwan. 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Cut diamonds, high-technology equipment, and pharmaceuticals are among its leading exports.